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Appleby

33-37 ATHOL STREET, DOUGLAS, IM1 1LB, ISLE OF MAN
Tel:
Work 01624 647647
Fax:
Fax 01624 620992
Email:
Web:
www.applebyglobal.com

Mark Holligon

Tel:
Work 01624 647691
Email:
Appleby

Work Department

Dispute resolution.

Position

Mark Holligon is a partner and Group Head of the Dispute Resolution department in the Isle of Man. His expertise spans the contentious and non-contentious arenas, both onshore and offshore, with a focus on commercial litigation, insolvency and restructuring. He has a particular interest in distressed funds and their restructuring.

He has been involved in many of the largest cross-border insolvencies of the past decade. He began his career in England, qualifying in the City of London in 1995 and gaining experience with two further leading UK firms before moving to Walkers in the Cayman Islands in 2003 and on to the Isle of Man in 2008.

Some examples of Mark’s work include advising: Obtaining world-wide freezing orders and ancillary relief in connection with a substantial fraud; Acting for majority shareholders in dispute over control of natural resources exploration company; Acting for a large listed company in a takeover effected by way of a scheme of arrangement.

Career

Qualified as a solicitor in England and Wales (non-practising) 1995; attorney-at-law Cayman Islands (non-practising) 2003; Isle of Man advocate 2010; solicitor Republic of Ireland (non-practising) 2011; admitted as a solicitor of the Eastern Caribbean Supreme Court (British Virgin Islands) solicitor 2012. Partner Appleby 2012.

Education

University of Durham.


Isle of Man

Dispute resolution

Within: Leading individuals

Mark Holligon - Appleby

Within: Dispute resolution

Appleby has a ‘great team and covers all of its bases’; one client describes the practice as ‘first-class in the field of dispute resolutionand the leading firm on the Isle of Man’. A number of IOTA entities engaged the firm to handle their ongoing claim against Las Vegas real estate developer Rex Lewis pertaining to his alleged transfer of assets to the island to avoid creditors’ claims in the context of the collapse of his business. Christopher Cope and ‘super advocate’ Caren Pegg led the advice to members of an ultra-high-net-worth family with regard to a substantial personal insolvency case, and practice head Mark Holligon ‘is extremely good in the fields of freezing injunctions and insolvency’. A group led by Charles Davies is currently acting for the Financial Services Authority (FSA) in a director’s disqualification application arising from the winding-down of the Louis Group. Also notable are senior associate Claire Corkish (née Collister) and associate Erin Trimble-Cregeen.

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Private client, trusts and tax

Within: Private client, trusts and tax

Clients find Appleby ‘very thorough in its advice yet very practical in its approach, showing a real understanding of the commercial realities trustees face'. The team continues to act as sole Isle of Man counsel to the trustee of a succession planning structure for an international ultra-high-net-worth individual, and a number of household names appointed the group to oversee the formation of 28 new foundations on the island as part of a long-term restructuring project to avoid new account-filing regulations in their home jurisdiction. The ‘very pragmatic and sensible’ David Pytches leads the outfit and recently advised a professional services provider on the implications of reporting obligations in the UK, specifically with regard to duties of confidentiality under Manx law and the cross-over between Manx and UK law. Other notable contacts include Charles Davies, Mark Holligon, and associate Erin Trimble-Cregeen.

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